
Cheap Homes for Rent in Paxton, IN from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Paxton.


1709 Crawford St

1520 Main St

1224 E Dawn Dr

2015 Washington Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

801 Grant St

10065 Main St

4295 S Kian St

301 Crist St

1001 E Voorhees St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2200 S 8th St

205 S Walters St

2460 E Clayton Dr

1436 S 4th St

2615 S Center St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

886 E Dawn Dr
Paxton, IN Local Guide

How much does it cost to rent a home in Paxton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paxton 2 Bedroom Homes for Rent | $893 | $625 | $1,375 |
| Paxton 3 Bedroom Homes for Rent | $1,536 | $895 | $2,250 |
| Paxton 4 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
| Paxton 5 Bedroom Homes for Rent | $2,550 | $2,550 | $2,550 |
Browse Top Homes for Rent in Paxton
Explore Paxton
Paxton, IN Local Guide
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Cheapest Available Paxton Apartments for Rent and Nearby
 The cheapest available apartment rental in Paxton, IN is a 1 Bed unit found at Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood priced from $525. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Paxton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anthony Square Senior Apartments | 1 BR, 1 BA | 1BR,1BA | $525 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $610 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $650 |
| Willow Crossings | Phase I - Studio | Studio,1BA | $670 |
Best Value Apartments for Rent in Paxton, IN and Nearby
As of April 24, 2026 the best value apartment in the Paxton area is the $0.79 price per square foot Phase I - 3 Bed 1.5 Bath Model at Willow Crossings in the starting from $950. The second greatest value Paxton apartment is the 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Paxton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willow Crossings | Phase I - 3 Bed 1.5 Bath | 3BR,1.5BA | $0.79 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| Woodland Springs | 3 Bedroom | 3BR,1BA | $1.19 |
| Northwind | The Redwood | 2BR,1BA | $0.81 |
| THE GROVE AT FARRINGTON | 2 Bed 1 Bath | 2BR,1BA | $0.90 |
| Southern Meadows Senior Living | 2 Bed Apt | 2BR,2BA | $1.09 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.00 |
| Sycamore Place | 2.1 C | 2BR,1BA | $0.80 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
| Anthony Square Senior Apartments | 2 BR, 1 BA | 2BR,1BA | $1.20 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Paxton, IN Rentals by Map
See the most popular apartments and homes in Paxton, IN
Frequently Asked Questions about Paxton
What type of rentals are currently available in Paxton?
There are currently 45 Apartments for Rent in Paxton, IN with pricing that ranges from $425 to $2,569. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paxton ranging from $500 to $2,550.
What is the current price range for Rental Homes in Paxton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paxton ranges from $500 to $2,550 with an average monthly rent of $1,301.
How much are larger Three and Four Bedroom Rentals in Paxton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Paxton range from $549 to $2,569, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $430.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.